Reggie Middleton just might have the ultimate model for disruption, as he has conceivably created a product that has the potential to shake the very foundations of all legacy controlled capital markets. A master in macro economics and fundamental analysis, Reggie is known for his accurate market predictions, such as the collapse of Bear Stearns, Lehman Brothers, the 2008 housing crisis in the United States, and the world commercial real estate crisis, just to name a few. Capital markets are most certainly a key factor in bringing cryptocurrency mainstream, as access and liquidity of goods and services of all kinds is where mass adoption will take effect.
Veritaseum (VERI) isn’t just a single idea, but one of many under its market matrix, designed to fix the cache of problems associated with current hub and spoke model of yesteryear. What this model of Veritaseum proposes to do is give everyone around the world, especially impoverished nations like Greece and Venezuela, access once again to capital markets that traditional capital enterprise has failed to create. VERI tokens represent prepaid fees and licensing for a product and service. Veritaseum isn’t just the creation of a token, it is the creation of an entire capital market network-its own network. Traditionally, capital markets are comprised of central banks, then private banks, exchanges, investment advisors, small businesses and consumers, each with its own gatekeeper who takes their (un)fair share. A decentralized network of autonomous smart contracts allows for the absence of these intermediaries, eliminating all the middlemen and their fees, creating a new decentralized, and a peer to peer capital marketplace.
This is what you get when using Veritaseum.
Free Market Machine System
Veritaseum has many moving parts that comprise its system such as VeADIR (Veritaseum Autonomous Dynamic Interactive Research), where the network can take market research and send it to a smart contract, which can then be delivered to a myriad of secondary smart contracts working together forming an information highway, replicating companies like Goldman Sachs, JP Morgan and central banks. The platform can then purchase assets, based on the information collected from the research gained. By having VERI tokens, anyone is able to access this data within the Veritaseum financial machine anytime, anywhere. This now will allow investors to create a diverse and fully vetted portfolio gathered from smart contracts, instead of a financial planner doing the work and skimming off the top.
Restrictions and Fees
Easily the most disruptive category, as the level of restriction and tax on asset management, is highly unattractive, especially for wealthy investors. Portfolios are locked up by fund managers anywhere from 5-10 years creating a total lack of liquidity. Enter VeADIR. Now investors can choose their own term anywhere from a few months, to 99.9 years, and in the event that they need to cash out, funds can be immediately liquidated and sold on the market, or the tokens can be sent to a private wallet instantly, creating total liquidity and control for the investor. Where fees are concerned, VeADIR charges a flat 5% fee, period. Compare that to a typical hedge fund where managers receive 2% and collect 20% on any profits. On 10mln, that’s $2.2mln with a fund manager or $500k with Veritaseum. With legacy institutions lowering compensation costs to stay competitive, there’s bound to be an unprecedented level of hedge fund all-stars jumping ship.
The other departments that makeup Reggie’s platform is VeRent (Economic Rent Facility), VeExposure (using VERI tokens to gain access to financial machine portfolio), VeResearch (Crypto forensic analysis), VeManagement (backend administrator for the VeADIR portfolio) and VeTokenization (Autonomous Veritas sub token design and creation). With all these autonomous departments working together, and access to multiple different markets interlinked with the autonomy of smart contracts efficiency, it’s clear Veritaseum is in position to become a one of the most dynamic and disruptive technologies the blockchain world has seen to date.
Although factoring accounts for 28% of banking profits worldwide, there isn’t a large number of buyers and sellers in the loan market for invoice factoring, and because of the slim competition among banks and lending institutions, terms (which can be anywhere from 10-30% interest) aren’t favorable to any sized business. What Populous (PPT) does is that it takes loan market out of the bank’s/lender’s control and allows anyone in the world to bid on these invoices through the blockchain, bringing down margins and expenses, dropping interest rates and creating a new asset class for investors. If a restaurant needs a business loan for $50k, they could pursue a centralized lender to leverage their accounts receivable, pay out interest close to the neighborhood of their principle investment, or, choose using PPT tokens where loans are instantly fulfilled from a liquid exchange, and at a much more competitive interest rate. PPT tokens are a stablecoin, as they are tied to the value of these receivable accounts. PPT analyzes credit risk by using the Altman Z-score formula on real-time XBRL data (eXstensible Business Reporting Language). This allows the Populous system to assess risk value, as well as make this information public to lenders.
What we are witnessing here is one of the biggest industries on our planet, transmuting into a blockchain standard. Whatever traditional lenders can do, whether it be financing government, farmers, trade intellectual property, privacy or used cars, VERI can provide a faster, cheaper, service, where the investor always retains 100% control.
With a multi trillion world market set for this level of disruption, it’s perhaps the perfect time to take a serious look at these crypto assets for long term growth.